In the afternoon, Taiwan Semiconductor announced its second-quarter performance, which exceeded expectations. The night market surged by 4.5% at one point:<figure class="image"><img src="https://pub.pbkrs.com/cms/2024/0/BaQxzPG2MdZ7kFFe7oDToU9j251xSjqr.jpg?x-oss-process=style/lg" original-src="https://pub.pbkrs.com/cms/2024/0/BaQxzPG2MdZ7kFFe7oDToU9j251xSjqr.jpg"/></figure>Other chip stocks were also driven. SOXL once rose 7%, and NVIDIA rose nearly 2.5% in night trading:<figure class="image"><img src="https://pub.pbkrs.com/cms/2024/0/2Zm5HQpEdsuEhx8EYrZKk2RXMk3Ehteh.jpg?x-oss-process=style/lg" original-src="https://pub.pbkrs.com/cms/2024/0/2Zm5HQpEdsuEhx8EYrZKk2RXMk3Ehteh.jpg"/></figure>Compared to the same period last year, revenue in the second quarter increased by 40.1%, while net profit and earnings per share both increased by 36.3%. Compared to the first quarter of 2024, the second-quarter performance showed a revenue growth of 13.6% and a net profit growth of 9.9%.The press release is as follows:<figure class="image"><img src="https://pub.pbkrs.com/cms/2024/0/Y2j2kB2Qnmrdzu6RExyfwRqB1ViivXn7.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/Y2j2kB2Qnmrdzu6RExyfwRqB1ViivXn7.jpg"/></figure>Hsinchu, Taiwan, July 18, 2024 -- Taiwan Semiconductor today announced that its consolidated revenue for the second quarter ended June 30, 2024, was NT$673.51 billion, with a net profit of NT$247.85 billion and diluted earnings per share of NT$9.56 (US$1.48 per American Depositary Share).In US dollars, second-quarter revenue was $20.82 billion, an increase of 32.8% year-on-year and 10.3% from the previous quarter.The gross margin for this quarter was 53.2%, operating profit margin was 42.5%, and net profit margin was 36.8%.In the second quarter, shipments of the 3-nanometer process accounted for 15% of wafer revenue; 5-nanometer accounted for 35%; and 7-nanometer accounted for 17%. Advanced processes (defined as 7-nanometer and more advanced technologies) accounted for 67% of wafer revenue

Taiwan Semiconductor's performance exceeded expectations, with a 40.1% increase in revenue in the second quarter. Net profit and earnings per share both increased by 36.3%

- TSMC announced Q2 earnings, exceeding expectations with a 40.1% revenue increase and 36.3% growth in net profit and EPS compared to the same period last year. Q2 revenue rose by 13.6% and net profit by 9.9% from Q1 2024. Operating at a 53.2% gross margin, TSMC's Q2 revenue reached NT$673.51 billion, with a net profit of NT$247.85 billion and diluted EPS of NT$9.56. Advanced processes accounted for 67% of total wafer revenue in Q2.

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Taiwan Semiconductor's performance exceeded expectations, with a 4.5% surge in night trading